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China’s oil product exports plunge in Dec after VAT rebate cuts

Guangzhou (JLC), January 13, 2025--Chinese oil companies’ oil product exports plummeted in December 2024, which could be ascribed to rising costs following value-added tax (VAT) rebate cuts as from De

01-13-2025 16:10:03

China’s gasoline prices inch higher, diesel prices basically stable

G?uangzhou (JLC), January 3, 2025--China’s wholesale gasoline prices inched higher in early 2025, boosted by rising international crude prices and relatively good demand, while diesel prices held basi

01-03-2025 18:17:59

Sinopec Anqing begins supplying battery-grade petcoke

Guangzhou (JLC), December 17, 2024 – Sinopec Anqing Petrochemical on December 13 supplied the first batch of high-end petroleum coke (petcoke) designed for power battery production to its customers.

12-17-2024 17:20:48

China’s oil product exports surge in Nov before VAT rebate cuts

Guangzhou (JLC), December 10, 2024--Chinese oil companies’ oil product exports rebounded significantly in November, as they had revised up their export plans before a cut in value-added tax (VAT) reba

12-10-2024 15:10:02

China to cut VAT rebate for refined oil export as from December

Guangzhou (JLC), November 15, 2024--China will cut the value-added tax (VAT) rebate for the export of gasoline, diesel and jet fuel to 9% as from December 1, 2024, down from 13%.

11-15-2024 20:37:09

China INE crude price dips after EIA raises global oil supply forecast

Guangzhou (JLC), November 14, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Thursday after the Energy Information Administration (EIA) upgraded

11-14-2024 18:26:12

China releases 3rd-batch 2024 quotas on oil product exports

Guangzhou (JLC), September 20, 2024--China has released the third batch of 2024 quotas on the exports of clean oil products (gasoline, diesel and jet fuel), setting the quotas at 8.0 million mt.

09-20-2024 14:38:29

China releases 2nd-batch 2024 quotas on oil product exports

Guangzhou (JLC), May 7, 2024--China has released the second batch of 2024 quotas on the exports of oil products (gasoline, diesel and jet fuel), setting the quotas at 14.0 million mt.

05-07-2024 11:56:17

Shandong independents' run rates drop on bad margins

Guangzhou ?(JLC), February 28, 2024--Shandong independent refiners lowered their operating rates in late February, because of bad refining margins and relatively weak fuel demand.

02-28-2024 17:55:44

Sinopec discovers new shale oil and gas reserve in Sichuan Basin

Guangzhou (JLC), January 11, 2024 – Sinopec has discovered more than 100 million mt of new oil and gas reserve in the Sichuan Basin.

01-11-2024 18:57:53

China keeps 1st-batch 2024 quotas on oil product exports largely stable

Guangzhou (JLC), December 29, 2023--China has released the first batch of 2024 quotas on the exports of oil products (gasoline, diesel and jet fuel), setting the quotas at 19.0 million mt.

12-29-2023 16:15:43

China releases 1st-batch 2024 quotas on LSFO exports

Guangzhou (JLC), December 29, 2023--China has released the first batch of 2024 quotas on the exports of low-sulfur fuel oil, setting the quotas at 8.0 million mt.

12-29-2023 16:00:01

Trafigura and SPG inaugurate Shandong-based JV

Guangzhou (JLC), November 16, 2023 – Global trading giant Trafigura and Shandong Port Group (SPG) inaugurated their joint venture (JV) in Qingdao, Shandong province on November 15.

11-16-2023 17:17:01

Shandong independents’ run rates down on less fuel demand, bad margins

?Guangzhou (JLC), November 1, 2023--Shandong independent refiners lowered their operating rates again in the week to November 1, due to shrinking fuel demand, bad refining margins and tight quota on c

11-01-2023 18:18:09

China releases fourth batch of crude import quotas for 2023

Guangzhou (JLC), October 7, 2023--China has released this year's fourth batch of quotas on non-state crude oil imports, permitting 9.54 mln mt of imports, according to official sources.

10-07-2023 15:47:58

China INE crude price slips again after Russia eases fuel export ban

Guangzhou (JLC), September 26, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Tuesday after Russia eased its temporary ban on fuel exports.

09-26-2023 18:36:51

China cuts its August LSFO output amid bad margins

G?uangzhou (JLC), September 13, 2023--China’s low-sulfur fuel oil (LSFO) output retreated in August, as bad margins dampened refiners’ production enthusiasm.

09-13-2023 17:44:08

Tarim Basin becomes China’s largest ultra-deep oilfield production base

Guangzhou (JLC), September 4, 2023 – Tarim Basin in Xinjiang Uygur Autonomous Region has become China’s largest ultra-deep oilfield base.

09-04-2023 18:49:33

China releases third-batch export quotas on oil products

Guangzhou (JLC), September 1, 2023 – China has released this year’s 3rd batch of export quotas on oil products (gasoline, diesel and jet fuel), permitting another 12 mln mt of exports.

09-01-2023 11:08:39

China to release 3rd batch of LSFO export quotas soon

Guangzhou (JLC), August 11, 2023 – China is likely to release the 3rd batch of export quotas for low-sulfur fuel oil (LSFO) in the coming days, with about 5 million mt expected in this round.

08-11-2023 18:19:40

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